Ryanair’s Michael O’Leary blames the UK economy’s ‘car crash’ for the failure of Brexit

Ryanair boss Michael O’Leary has described the UK’s economic situation as a “car accident” caused by the country’s vote to leave the European Union in 2016.

The mini-budget was a kind of spectacular failure of the whole Brexit concept,” he told a news conference in Rome yesterday, adding that the first thing Britain needs is what he called a sensible trade deal with the EU.

Britain’s new Treasury Secretary Jeremy Hunt on Monday scrapped Prime Minister Liz Truss’ economic plan and scaled back her massive energy support program in a historic about-face to try to stem a dramatic loss of investor confidence.

O’Leary said he expects Truss, who became prime minister last month, to be out of work within a week or two.

“The mini-budget has been reversed. So she’s in office, but not in power,” he said.

O’Leary said Truss, who wanted Britain to stay in the EU at the time of the 2016 referendum, was paying a price for the promises she made to Conservative Party members who she supported after Boris Johnson resigned selected the country’s leadership.

“She was elected by appealing to all Brexiteers over the last three months and that is, in my opinion, the ultimate failure of Brexit and Brexiteers,” he said.

Truss struck a Eurosceptic tone during her leadership campaign over the summer, echoing Conservative Party members’ concerns and pledging to scrap any remaining EU laws still in force in the UK by 2023.

O’Leary welcomed the appointment of Hunt, who took over as Treasury Secretary last Friday and has since rewritten government plans unveiled just last month.

“The Remainers are coming back, the adults are back in charge…we’re going to go back to sound economics,” O’Leary added.

https://www.independent.ie/life/travel/travel-news/ryanairs-michael-oleary-blames-uk-economic-car-crash-on-failure-of-brexit-42078457.html Ryanair’s Michael O’Leary blames the UK economy’s ‘car crash’ for the failure of Brexit

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button